From Conservative Refocus: Cloward-Piven and Obama's Engineered Destruction of America's Economy

July 19, 2011 - PRLog -- We hear these same economic arguments all the time these days, to the point that these virtual and actual ideological skirmishes often take on an almost Ground Hog Day-ish repetitive cycle of nauseating repetition. The Political Right says "spend less," the Political Left says "tax more," so that, ultimately, many Americans are left feeling measurably unsure, if not completely confused, as to what the proper course of action should actually be for America as a nation, when in fact it's not so terribly difficult.

Over these past few weeks, we have also further witnessed a depressing number of moderate Republicans, as well as an equally impressive number of middling Liberals, essentially second-guessing their own positions throughout these economic debates.  Maybe not so much outwardly--but rather in a passing glimpse, a splinter of doubt in the the mind's eye or even a certain identifiable hesitance in their verbal tirades.  Both sides doubting what they have formerly held to be as sacrosanct and undeniable. Perhaps that doubt can be actively identified as where compromise begins taking form, or could this spate of heavily veiled penance also be where a correctable mistake begins to snowball into a ground-skipping comet of fiscal oblivion?

Put in another way, what if we as a Nation are looking in all the wrong places in order to find the true answers to the Nation's economic problems?  There is an old saying that goes something to the effect that "if everyone is thinking the same thing, then no one is actually thinking."  With some, it now appears that America has reached a sort of aggregated professional lunacy as to the true facts that may be in play.  As we have alluded to increasingly throughout this current President's term, there appears to be much, much, more to our economic morass than meets the proverbial eye.

A Bizarre Approach

When we realistically look at the performance of our Executive Branch up to this point, we see what could be termed as an ostensibly bizarre approach to all things economic and otherwise. When we should be doing one thing in reaction to some ever-present mushrooming dilemma, our leadership often takes an opposite tack that actually worsens a given situation rather than ameliorating it. Take for instance the subprime lending debacle that in large part placed our economy into this position in the first place. The Obama team's reaction was to vastly over-regulate the mortgage industry and even add staff  bank regulators to various bank branch offices in order to intensively micro-manage each and every loan.

So, at a time when our Nation's building industry, which is one of the major engines of America's economy, needed to be aided and fortified in every officious manner possible, the White House put forth draconian measures to essentially restrict and even hasten the down-fall of our residential builders, thereby also denying families needed housing...but then again, not exactly all families it would seem, as we are now given to understand.

Even after the sub-prime lending scandal came to be understood as the forge by which our economy was hammered into submission, the Obama Department of Justice recently began enforcing a bizarre impetus to actually punish banks which are not making enough sub-prime loans. According to an Investors Business Daily July 8th article, the US Attorney General is even now  launching a witch hunt in order to prosecute lenders who fail to originate loans to minorities with poor credit.

The penalties against the banking industry thus far have amounted to over $ 20 million in loan subsidies and set-asides by banks which have elected the cases to be settled out of court, rather than being branded with the dreaded racist label. An additional 60 banks are even now under investigation. One of the main themes at play in the underwriting of these loans? No job, no problem...and here we go again, but at the worst of all possible times.

In fact, the theme at play when we look at almost every problem that exists, speaks to an administration that seeks to take an existing problem, whatever it may be, twist it around and then needlessly complicate that same problem into an unsolvable nightmare of epic fail proportions. We could look at Obama's failure to drill and the blocking of oil leases and permits with regard to our often dour energy situation as evidence.

If we see the spectre of hyper-inflation staring us down, the administration establishes quantitative easing exercises, which, in effect, prints even more money, thereby lowering the dollar's value, while intensifying inflationary trends magnitudinally the world over. If we worry over the world's establishing a new reserve currency other than the US dollar, our treasury chief actually seconds and even approves of the notion-- sparking a go-ahead for the UN to seek the possible alternatives thereby dooming current efforts.

The Problem Exacerbated

America's deficit and debt problems, which are a direct result of over-spending by almost double what the nation is collecting in revenue, sparked a spending spree by the President and the Democrats to the tune of over $3.7 trillion dollars. Obama's answer when confronted by fiscal hawks? A paltry $ 2 to $ 4 trillion dollars over 10 years, which amounts to only $ 200 to $ 400 billion per year in unidentified spending cuts plus revenue increases of maybe $ 35 million per year--not even a pin-prick-- and therefore not even close to being a viable solution for the national debt problem.

A nation mired in debt and unemployment, within the worst and deepest recession in its history, with the best functioning medical system in the world?  How about Obamacare?  That should fix the non-problem, and even add over $ 120 billion per year in costs before the program is implemented, making our healthcare system become the latest super-problem while fettering the Civil Society even further.

This, even while health insurance carriers are now required to pony up their cash reserves to the point of questionable profitability, therefore pushing up consumer health insurance costs even more, and making insurance  less affordable than ever for business in general--which accomplishes the exact opposite of the stated goal. Want people to buy new cars and solidify the automotive industry? Very well then, create a program that needlessly destroys many of the old ones--at extensive cost to each taxpayer--while creating a used vehicle vacuum for those who cannot afford new vehicles and lining the pockets of the Worker's Party Unions at the same time.

Taken as a whole, a large preponderance of nearly all of the White House's decisions, along with the Democrats formerly in charge, can be laid at the door of extreme epic failure and, in fact, would be an exercise in long-form child's play to illustrate and quantify essentially every move by Obama and the Democratic Legislators--and even some few Republicans--as being the nexus of America's problems rather than those who are actively seeking America's solutions.

So, what exactly is up with all of this? Further, why is it that no one can seem to see that there appears to be much more than your typical liberal ideological politics at play?

For the answer to these and more questions, read the full article here:  www.conservativerefocus.com

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